NASDAQ$DRS
Leonardo Drs Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Leonardo DRS reported a solid start to the year with Q1 results exceeding expectations, driven by strong demand and a differentiated technology portfolio.
Leonardo DRS announced its financial results for the first quarter of 2023, with revenue of $569 million, net earnings of $12 million, and adjusted EBITDA of $49 million. The company reaffirmed its 2023 guidance and reported strong bookings and backlog.
- Revenue was $569 million.
- Net earnings were $12 million.
- Adjusted EBITDA was $49 million.
- Bookings were $749 million with a book-to-bill ratio of 1.3x.
Headline financials
Revenue & EPS history
Leonardo DRS · Revenue · Quarterly
$569M
Revenue by segment
Leonardo DRS · $580M total across 2 segments · Q1 2023
- Advanced Sensing & Computing$391M-1.3%67.4%
- Integrated Mission Systems$189M-13.3%32.6%
Forward guidance
Leonardo DRS reaffirmed its 2023 guidance, projecting revenue between $2.7 billion and $2.8 billion, adjusted EBITDA between $315 million and $330 million, and adjusted diluted EPS between $0.64 and $0.69.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+1.9%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+12.4%
Q4 2025
Best reaction
-13.8%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | +3.3% | +16.7% | |
| Q4 2025 | +12.4% | +13.8% | +22.0% | |
| Q3 2025 | -4.3% | -8.9% | -15.0% | |
| Q1 2025 | +8.8% | +12.1% | +14.4% | |
| Q4 2024 | +5.6% | -0.7% | +11.7% | |
| Q3 2024 | +5.9% | +11.0% | +22.4% | |
| Q2 2024 | +0.0% | -6.0% | +0.3% | |
| Q1 2024 | -2.5% | +0.1% | +9.4% | |
| Q4 2023 | +6.7% | -4.0% | -10.4% | |
| Q3 2023 | +2.8% | +1.3% | -2.8% | |
| Q2 2023 | +1.5% | +5.3% | +5.9% | |
| Q1 2023 | +2.4% | +5.2% | +3.4% | |
| Q4 2022 | -5.1% | +0.9% | +16.7% | |
| Q3 2022 | -4.6% | -10.6% | -1.8% | |
| Q2 2022 | -1.1% | -5.3% | -6.3% | |
| Q1 2022 | +0.0% | -0.4% | +4.4% | |
| Q4 2021 | -13.8% | -14.1% | -8.0% | |
| Q4 2019 | -13.8% | -14.1% | -8.0% | |
| Q3 2020 | +2.3% | -0.4% | -8.9% | |
| Q3 2021 | +2.3% | -0.4% | -8.9% | |
| Q2 2021 | -3.1% | -0.5% | -5.5% | |
| Q2 2020 | -3.1% | -0.5% | -5.5% | |
| Q4 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2020 | +3.2% | +4.5% | +0.7% | |
| Q1 2021 | +3.2% | +4.5% | +0.7% |
Discussion
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